If you want to receive periodic,regular income from your mutual fund account you would set up a

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A systematic withdrawal plan is designed to provide regular periodic payouts from a mutual fund account. In this plan, the investor can set up a fixed amount or a percentage of the account balance to be withdrawn at regular intervals (monthly, quarterly, etc.). This ensures a steady stream of income for the investor. Both B) (closed-end withdrawal plan) and C) (guaranteed investment contract) do not apply to mutual funds and D) (beneficiary designation contract) is not related to creating a regular income stream.

If You Want to Receive Periodic,regular Income from Your Mutual